secwatch.observer — SEC 8-K summary
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Issuer:     Copley Acquisition Corp (COPL)
CIK:        0002045473
Form:       8-K
Filed at:   2026-06-11T10:00:34+00:00
Accession:  0001829126-26-006336
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Copley Acquisition Corp signs definitive merger with Ignite Proteomics; $150M equity value
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- Aggregate Merger Consideration is $150M ($10.00 per Pubco share), payable in Pubco common stock.
- Pubco to pay $4M cash to Sponsor Payment Recipient at closing; Sponsor distinct from Sponsor.
- Closing requires ≥$15M SPAC trust cash (after redemptions) and ≥$7.5M net proceeds from Ignite's financing.
- Post-closing board: 7 members designated by Ignite, ≥4 independent; CEO/CFO to be Ignite's current officers.
- Termination date: Sept 30, 2026; if SPAC Minimum Cash Condition unmet, Copley reimburses Ignite up to $1.5M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2045473/000182912626006336/0001829126-26-006336-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2045473/000182912626006336/copleyacq_8k.htm
  HTML page:      https://secwatch.observer/filing/0001829126-26-006336

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